QuotaPath, a commission-tracking solution for sales and revenue teams, has raised $21.3 million in a Series A funding round led by Insight Partners.
Other participants include ATX Ventures, Integr8d Capital, Stage 2 Capital, and HubSpot Ventures.
QuotaPath intends to grow its staff by the end of the year with the new fund.
Company: QuotaPath, Inc.
Raised: $21.3M
Round: Series A
Funding Month: July 2021
Lead Investors: Insight Partners
Additional Investors: ATX Ventures, Integr8d Capital, Stage 2 Capital, and HubSpot Ventures
Company Website: https://www.quotapath.com/
Software Category: a commission-tracking solution
About the Company: QuotaPath was created by: AJ Bruno, Cole Evetts, and Eric Heydenberk to assist companies to build and expand high-performing, engaged growth teams. QuotaPath has over 5,000 users on the platform, with 40% of them being paid customers. Guru, Contractbook, Mailgun, Cloud Academy, SaaSOptics, and OSG are among the company’s clients. QuotaPath currently has 28 employees and plans to use its new capital to double its headcount by year’s end. It also plans to work on scaling partnerships and expanding product offerings to finance and HR functions.
Source: https://saasindustry.com/news/quotapath-raises-21-3m-in-a-series-a-round-led-by-insight-partners/